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Wanda Group
WANDA GROUP (simplified Chinese : 万达集团; traditional Chinese : 萬達集團; pinyin : Wàndá Jítuán), or DALIAN WANDA (Chinese: 大连万达), is a Chinese multinational conglomerate based in Beijing. It is the world's biggest private property developer and owner, the world's largest cinema chain operator, owning Wanda Cinemas and the Hoyts
Hoyts
Group , as well as a majority share of AMC Theatres
AMC Theatres
. With investments within Mainland China
China
and globally, the Dalian
Dalian
Wanda group has since diversified its portfolio to include investments across a wide variety of industries including construction, entertainment, media, industrial manufacturing, financial services, high technology, hospitality, real estate, retail, health care, and sports
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Baidu
BAIDU, INC. (Chinese : 百度; pinyin : _Bǎidù_, anglicized /ˈbaɪduː/ "_BY-doo_ "), incorporated on 18 January 2000, is a Chinese web services company headquartered at the Baidu
Baidu
Campus in Beijing
Beijing
's Haidian District . Baidu
Baidu
offers many services, including a Chinese search engine for websites, audio files and images. Baidu
Baidu
offers 57 search and community services including Baidu Baike (an online, collaboratively built encyclopedia ) and a searchable, keyword-based discussion forum. Baidu
Baidu
was established in 2000 by Robin Li and Eric Xu . Both of the co-founders are Chinese nationals who studied and worked overseas before returning to China. In December 2016 , Baidu
Baidu
ranked 4th overall in the Alexa Internet rankings
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Tencent
TENCENT HOLDINGS LIMITED (Chinese : 腾 讯 控股有限公司; pinyin : _TéNGXùN Kònggǔ Yǒuxiàn Gōngsī_; literally: "Soaring information"; SEHK : 700 ) is a Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, internet and mobile phone value-added services and operate online advertising services in China. Its headquarters are in Nanshan District , Shenzhen
Shenzhen
. Tencent
Tencent
is one of the largest Internet
Internet
companies , as well as the largest gaming company in the world. Its many services include social network , web portals , e-commerce , mobile games and multiplayer online games . Offerings in China
China
include the well-known instant messenger Tencent QQ and one of the largest web portals , QQ.com
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Financial Times
The _FINANCIAL TIMES_ (_FT_) is an English-language international daily newspaper with a special emphasis on business and economic news. The paper, published and owned by Nikkei Inc. in Tokyo
Tokyo
, was founded in 1888 by James Sheridan and Horatio Bottomley , and merged in 1945 with its closest rival, the _Financial News _ (which had been founded in 1884). The _Financial Times_ has an average daily readership of 2.2 million people worldwide (PwC audited figures, November 2011). FT.com has 4.5 million registered users and over 285,000 digital subscribers, as well as 600,000 paying users. FT Chinese has more than 1.7 million registered users. The world editions of the _Financial Times_ newspaper had a combined average daily circulation of 234,193 copies (88,000 for the UK edition) in January 2014. In February 2014 the combined sale of the world editions of the _Financial Times_ was 224,000 copies
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Evergrande Group
The EVERGRANDE GROUP or the EVERGRANDE REAL ESTATE GROUP (previously HENGDA GROUP) is China
China
's second-largest property developer by sales. It is based in southern China's Guangdong
Guangdong
Province , and sells apartments mostly to upper and middle-income dwellers. The company is incorporated in the Cayman Islands. In 2017, Evergrande experienced a surge in its stocks, share price, profits and revenue, rising almost three to four folds. The positive outlook and results of the company propelled Hui Ka Yan to one of China's richest men, as well as one of the wealthiest people in Asia
Asia
. CONTENTS * 1 History * 2 Operations * 3 See also * 4 References * 5 External links HISTORYFormerly called the Hengda Group, Evergrande was founded by Xu Jiayin in the southern Chinese city of Guangzhou
Guangzhou
in 1996
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Subsidiary
A SUBSIDIARY, SUBSIDIARY COMPANY or DAUGHTER COMPANY is a company that is owned or controlled by another company, which is called the _parent company _, _parent_, or _holding company _. The subsidiary can be a company, corporation , or limited liability company . In some cases it is a government or state-owned enterprise . In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints . In the United States railroad industry, an OPERATING SUBSIDIARY is a company that is a subsidiary but operates with its own identity, locomotives and rolling stock . In contrast, a NON-OPERATING SUBSIDIARY would exist on paper only (i.e., stocks, bonds, articles of incorporation) and would use the identity of the parent company . Subsidiaries are a common feature of business life, and most multinational corporations organize their operations in this way
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Ecommerce
E-COMMERCE is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce , electronic funds transfer , supply chain management , Internet marketing , online transaction processing , electronic data interchange (EDI), inventory management systems , and automated data collection systems. Modern electronic commerce typically uses the World Wide Web
World Wide Web
for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail . Typical e-commerce transactions include the purchase of online books (such as Amazon ) and music purchases (music download in the form of digital distribution such as iTunes Store ), and to a less extent, customized/personalized online liquor store inventory services
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Net Income
In business , NET INCOME (TOTAL COMPREHENSIVE INCOME, NET EARNINGS, NET PROFIT, informally, BOTTOM LINE) is an entity's income minus cost of goods sold , expenses and taxes for an accounting period . It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in shareholders\' equity that results from a company's operations. In the context of the presentation of financial statements , the IFRS Foundation defines net income as synonymous with PROFIT AND LOSS. Net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes
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Asset
In financial accounting , an ASSET is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business . One can classify assets into two major asset classes: tangible assets and intangible assets . Tangible assets contain various subclasses, including current assets and fixed assets . Current assets include inventory , while fixed assets include such items as buildings and equipment . Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace
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Division (business)
A DIVISION of a business , sometimes called a BUSINESS SECTOR, is one of the parts into which a business, organization or company is divided. The divisions are distinct parts of that business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. However, in a large organization, various parts of the business may be run by different subsidiaries , and a business division may include one or many subsidiaries. Each subsidiary is a separate legal entity owned by the primary business or by another subsidiary in the hierarchy. Often a division operates under a separate name and is the equivalent of a corporation or limited liability company obtaining a fictitious name or "doing business as " certificate and operating a business under that fictitious name. Companies often set up business units to operate in divisions prior to the legal formation of subsidiaries
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Real Estate In China
REAL ESTATE IN CHINA is developed and managed by public , private , and state-owned red chip enterprises. In the years leading up to the 2008 financial crisis, the real estate sector in China
China
was growing so rapidly that the government implemented a series of policies - including raising the required downpayment for some property purchases, and five 2007 interest rate increases - due to concerns of overheating. But after the crisis hit, these policies were quickly eliminated, and in some cases tightened. Beijing
Beijing
also launched a massive stimulus package to boost growth, and much of the stimulus wound up flowing into the property market and driving prices upward, resulting in investors increasingly looking abroad. By late 2014, the IMF warned that a real estate oversupply problem had arisen that threatened to negatively impact the economy, particularly in 2nd and 3rd tier cities
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Chinese Economic Reform
The CHINESE ECONOMIC REFORM (simplified Chinese : 改革开放; traditional Chinese : 改革開放; pinyin : _Gǎigé kāifàng_; literally: "REFORM AND OPENING-UP") refers to the program of economic reforms termed " Socialism with Chinese characteristics " in the People\'s Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China , led by Deng Xiaoping . China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated beginning in the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s
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Multinational Corporation
A MULTINATIONAL CORPORATION or WORLDWIDE ENTERPRISE is a corporate organization that owns or controls production of goods or services in two or more countries other than their home country. CONTENTS * 1 Names * 2 Overview * 3 Theoretical background * 4 Transnational corporations * 5 Multinational enterprise * 6 Multinational corporation and colonialism * 7 Criticism of multinationals * 8 See also * 9 References * 10 External links NAMESA multinational corporation can also be referred to as an MULTINATIONAL ENTERPRISE (MNE), a INTERNATIONAL CORPORATION, a TRANSNATIONAL CORPORATION, or a STATELESS CORPORATION. There are subtle but real differences between these three labels, as well as those labels of MULTINATIONAL CORPORATION and a WORLDWIDE ENTERPRISE. OVERVIEW Toyota is one of the world's largest multinational corporations with their headquarters in Toyota City , Japan
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Property Developer
REAL ESTATE DEVELOPMENT, or PROPERTY DEVELOPMENT, is a business process , encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate
Real estate
developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property . Real estate development is different from construction , although many developers also manage the construction process. Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards
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Mainland China
MAINLAND CHINA, also known as the CHINESE MAINLAND, is the geopolitical as well as geographical area under the direct jurisdiction of the People\'s Republic of China
China
(PRC). It generally includes Hainan
Hainan
island and excludes the special administrative regions of Hong Kong
Hong Kong
and Macau
Macau
, even though both are partially on the geographic mainland (continental landmass). The term "mainland China" was coined by the Kuomintang (KMT Party) after receiving control of Taiwan
Taiwan
from Japan
Japan
after World War II
World War II
. By 1949, the KMT-led Republic of China
China
(ROC) government was defeated in the Chinese Civil War and fled to the island of Taiwan
Taiwan
where the KMT pledged to "retake the Mainland"
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Pinyin
PINYIN, or HàNYǔ PīNYīN, is the official romanization system for Standard Chinese
Standard Chinese
in mainland China
China
, Malaysia
Malaysia
, Singapore
Singapore
, and Taiwan . It is often used to teach Standard Chinese, which is normally written using Chinese characters
Chinese characters
. The system includes four diacritics denoting tones . Pinyin
Pinyin
without tone marks is used to spell Chinese names and words in languages written with the Latin alphabet
Latin alphabet
, and also in certain computer input methods to enter Chinese characters. The pinyin system was developed in the 1950s by many linguists, including Zhou Youguang
Zhou Youguang
, based on earlier forms of romanization of Chinese . It was published by the Chinese government
Chinese government
in 1958 and revised several times
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